Building Block Concepts of Costing Systems Quiz Questions and Answers PDF Download eBook
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"The process of assigning the direct or indirect cost to any cost object is known as", building block concepts of costing systems Multiple Choice Questions (MCQ) with choices cost expectation, cost assignment, event assignment, and probability assignment for online accounting masters programs. Learn job costing questions and answers to improve problem solving skills for online business degree. Building Block Concepts of Costing Systems Video
Quiz on Building Block Concepts of Costing Systems PDF Download eBook
MCQ: The process of assigning the direct or indirect cost to any cost object is known as
- cost assignment
- cost expectation
- event assignment
- probability assignment
A
MCQ: The weak relationship between cost and cost driver is indicated on a regression line, which is
- curved
- slightly sloped
- completely sloped
- dotted
B
MCQ: An unfavorable volume-production variance is used to measure the amount of
- fixed setup cost
- total setup cost
- variable setup cost
- total overhead cost
A
MCQ: The fixed cost is added to target operating income and then divided to contribute margin per unit to calculate
- quantity of units required to sold
- selling of units
- sold units
- contributed units
A
MCQ: If the current assets are $250000 and the current liabilities are $135500, then the working capital would be
- $3,855,500
- $314,500
- $214,500
- $114,500
D